M.S. Consulting: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
M.S. Consulting
Largest movements
- Current investments -€68,548
down €68,548 (-51.2%), from €133,831 to €65,283
- Tangible fixed assets -€11,127
down €11,127 (-2.0%), from €563,784 to €552,657
of which Furniture and vehicles: -€7,696
- Receivables within one year -€8,325
down €8,325 (-27.4%), from €30,379 to €22,054
of which Trade receivables: -€9,300
- Other debts -€78,702
down €78,702 (-44.9%), from €175,372 to €96,670
- Debts after one year -€30,409
down €30,409 (-10.8%), from €282,863 to €252,454
- Reserves +€19,823
up €19,823 (+9.6%), from €207,553 to €227,377
- Accrued charges and deferred income +€11,762
up €11,762 (+93.7%), from €12,550 to €24,312
- Trade debts -€9,271
down €9,271 (-71.0%), from €13,063 to €3,792
- Gross operating margin -€70,120
down €70,120 (-53.8%), from €130,302 to €60,182
- Taxes -€12,769
down €12,769 (-67.9%), from €18,800 to €6,031
- Financial income +€11,915
up €11,915 (+219%), from €5,443 to €17,357
of which Non-recurring financial income: +€8,503
- Depreciation -€7,808
down €7,808 (-23.7%), from €32,955 to €25,147
- Financial charges -€1,969
down €1,969 (-7.2%), from €27,397 to €25,428
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,957 | €649,622 | -€94,334 | -12.7% |
| Fixed assets | 21/28 | €563,784 | €552,657 | -€11,127 | -2.0% |
| Tangible fixed assets | 22/27 | €563,784 | €552,657 | -€11,127 | -2.0% |
| Land and buildings | 22 | €554,497 | €551,637 | -€2,861 | -0.5% |
| Plant, machinery and equipment | 23 | €1,494 | €924 | -€571 | -38.2% |
| Furniture and vehicles | 24 | €7,793 | €97 | -€7,696 | -98.8% |
| Current assets | 29/58 | €180,173 | €96,965 | -€83,207 | -46.2% |
| Amounts receivable within one year | 40/41 | €30,379 | €22,054 | -€8,325 | -27.4% |
| Trade receivables | 40 | €27,120 | €17,820 | -€9,300 | -34.3% |
| Other amounts receivable | 41 | €3,259 | €4,234 | +€975 | +29.9% |
| Current investments | 50/53 | €133,831 | €65,283 | -€68,548 | -51.2% |
| Cash at bank and in hand | 54/58 | €12,798 | €5,778 | -€7,020 | -54.9% |
| Deferred charges and accrued income | 490/1 | €3,164 | €3,850 | +€686 | +21.7% |
| Total equity and liabilities | 10/49 | €743,957 | €649,622 | -€94,334 | -12.7% |
| Equity | 10/15 | €212,553 | €232,377 | +€19,823 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €207,553 | €227,377 | +€19,823 | +9.6% |
| Distributable reserves | 133 | €207,553 | €227,377 | +€19,823 | +9.6% |
| Amounts payable | 17/49 | €531,404 | €417,246 | -€114,158 | -21.5% |
| Amounts payable after more than one year | 17 | €282,863 | €252,454 | -€30,409 | -10.8% |
| Financial debts | 170/4 | €282,863 | €252,454 | -€30,409 | -10.8% |
| Amounts payable within one year | 42/48 | €235,991 | €140,480 | -€95,511 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €29,165 | €30,409 | +€1,244 | +4.3% |
| Trade debts | 44 | €13,063 | €3,792 | -€9,271 | -71.0% |
| Suppliers | 440/4 | €13,063 | €3,792 | -€9,271 | -71.0% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €18,391 | €9,409 | -€8,982 | -48.8% |
| Taxes | 450/3 | €18,391 | €9,409 | -€8,982 | -48.8% |
| Other amounts payable | 47/48 | €175,372 | €96,670 | -€78,702 | -44.9% |
| Accrued charges and deferred income | 492/3 | €12,550 | €24,312 | +€11,762 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,955 | €25,147 | -€7,808 | -23.7% |
| Other operating charges | 640/8 | €749 | €1,109 | +€360 | +48.0% |
| Gross operating margin | 9900 | €130,302 | €60,182 | -€70,120 | -53.8% |
| Operating profit (loss) | 9901 | €96,597 | €33,926 | -€62,672 | -64.9% |
| Financial income | 75/76B | €5,443 | €17,357 | +€11,915 | +219% |
| Recurring financial income | 75 | €231 | €3,642 | +€3,411 | +1,476% |
| Non-recurring financial income | 76B | €5,211 | €13,715 | +€8,503 | +163% |
| Financial charges | 65/66B | €27,397 | €25,428 | -€1,969 | -7.2% |
| Recurring financial charges | 65 | €27,397 | €25,428 | -€1,969 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €74,643 | €25,855 | -€48,789 | -65.4% |
| Income taxes | 67/77 | €18,800 | €6,031 | -€12,769 | -67.9% |
| Profit (loss) for the period | 9904 | €55,843 | €19,823 | -€36,020 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,843 | €19,823 | -€36,020 | -64.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.